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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 30, 1989
Page
7
New York stocks fell sharply on Friday amid slowing economy fears. The Dow dropped 46.47 to 2458.27, NYSE volume reached 167.10 million on the floor, and the market-wide declines outpaced advances about five to one with large losses across IBM and the S and P indices.
New York AP reports Comex futures showing gold prices with mixed open, high, low and settle moves. Silver futures follow similar declines amid selling pressure as open interest and daily sales figures are listed for multiple contracts and delivery months.
Narrows Livestock Auction in June 24 sale totaled 76832.95 with 182 lambs sold at 90 to 115 pounds and lamb prices around 61 for choice and prime. Feeder lambs 59, slaughter cattle 40, cows 43.50 to 51, bulls 54 to 62.50, stock feeder cattle 125, steer calves 300 to 500 pounds 80 to 122.
Wytheville Community College Educational Foundation gains a $1,000 contribution from Ewald-Lester Insurance. The Greater Needs Scholarship Endowment tops $7,000, established last fall under Virginia Neighborhood Assistance Act with a 50 percent tax credit. A One Valley Bank ad won a Best of Print award in New York. ARTBA urges $25 billion annual highway user fee hike to fix bridges and modernize the system.
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